"Abstract: Recent growth models have attributed growth to institutional causes. Yet, there
is still no consensus within the field on the link between institutions and growth. This
thesis utilises existing literature in investigating the link between institutions and growth.
The findings reveal that property rights and transaction costs are the most common
explanation in the literature. However, it is also found that vast empirical heterogeneities
still exist in the literature up to this day that can be attributed to methodological choices
Recent growth models have attributed growth to institutional causes. Yet, there is still no
consensus within the field on the link between institutions and growth. This thesis utilises
existing literature in investigating the link between institutions and growth. The findings
reveal that property rights and transaction costs are the most common explanation in the
literature. However, it is also found that vast empirical heterogeneities still exist in the
literature up to this day that can be attributed to methodological choices"
Depok: Fakultas Ekonomi dan Bisnis Universitas Indonesia, 2020
